Houston, Ohio Property Taxes
The median property tax rate in Houston, OH is 1.59%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Houston, the typical annual property tax bill reaches $2,152, exceeding the national median of $2,690. Property taxes in Houston are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Houston's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Houston or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Houston, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.59%
Estimate Property Tax Bill
$2,149
Ownwell’s Houston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Houston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Houston to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Houston, Ohio
Property taxes in Houston, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Houston is 1.59%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Houston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Houston estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Houston's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45333 zip code has the highest median property tax rate of 1.59%, while the same 45333 zip code also has the lowest median tax rate of 1.59%. Understanding how these cities compare with Houston provides valuable insights into the varying tax landscape across Shelby County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Houston Tax Rate
1.59%
Average Shelby County Tax Rate
1.56%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Houston, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45333 | 1.05% | 1.44% | 1.59% | 1.70% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Houston, Ohio
In Houston, Ohio, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Shelby County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Houston, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in the area is $135,150, with tax bills ranging from $1,385 at the 25th percentile to $4,557 at the 90th percentile. The highest and lowest median tax bill in the area is $2,152, found in zip code 45333. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Houston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Houston Assessed Value
$135,150
Average Shelby County Assessed Value
$119,350
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Houston, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45333 | $28,941 | $84,920 | $135,150 | $223,680 | $382,335 |
Source: Ownwell
Property Tax Bills Across Houston, Ohio
In Houston, Shelby County, OH, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in the area is $135,150. Property taxes are then calculated by applying the local tax rate to this assessed value. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. Homeowners in Houston can expect tax bills that vary widely. For instance, the 25th percentile tax bill is around $1,385, while those in the 75th percentile pay about $3,339. The highest tax bills, at the 90th percentile, can reach up to $4,557. These figures illustrate the significant range in property tax obligations within the area. Comparatively, the national median property tax rate is 0.99%, which helps put these local figures into perspective. Understanding these factors is crucial for homeowners as property taxes can significantly impact annual housing costs and overall financial planning.
Average Houston Tax Bill
$2,152
Average Shelby County Tax Bill
$1,867
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Houston, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45333 | $406 | $1,385 | $2,152 | $3,339 | $4,557 |
Source: Ownwell